Viacoms Paramount Pictures Delays Release Of GI Joe Retaliation Video
It a no go for G.I. Joe. That's what Viacom's (NASDAQ:VIAB) Paramount Pictures is saying after it delayed the release of GI Joe: Retaliation from June 29th to next year. It is an unexpected move as it has already burnt funds marketing the film, including a Super Bowl commercial. Sources say the studio is looking to convert the film to 3-D to net more proceeds. The new release date will be March 29, 2013. Despite this news, Viacom is still climbing this morning. The company's stock is over 1% in early trading.
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